Financial crises are a deterrent to economic growth. It is important to understand past patterns and trends to predict their occurrence. The focus of this study is to understand how these patterns affect the prediction of financial crises so that an economy can safeguard itself from its consequences. This study considers four predictors namely, credit growth, public debt, household (HH) final consumption and Gross Domestic Product (GDP). For the sake of convenience credit growth and public debt are taken as a ratio of GDP and then the change in the respective ratios over several quarters has been analysed. Quarterly growth of household final consumption is analysed on Year-on-Year basis.